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USDCAD: Next Swing Move & How to Catch It
U.S. Dollar / Canadian Dollar
Short
USDCAD: Next Swing Move & How to Catch It
By VasilyTrader
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Mar 29, 2021
4
4
11
11
Mar 29, 2021
USDCAD is trading within a major falling parallel channel.
The market is closer and closer to its resistance.
To catch the next bearish wave, watch a rising channel on 4H.
Its bearish violation will be a perfect confirmation to short the pair.
First goal will be 1.25
In case of a bullish breakout of a resistance line of a daily channel,
the market may go to higher structure levels
CAD
Chart Patterns
Forex
Trend Analysis
USD
USDCAD
Wave Analysis
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